Box, Inc. (NYSE:BOX) Stock Holdings Decreased by Swiss National Bank

Swiss National Bank lowered its stake in Box, Inc. (NYSE:BOX) by 0.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 281,700 shares of the software maker’s stock after selling 2,100 shares during the period. Swiss National Bank owned 0.20% of BOX worth $8,902,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. State Street Corp increased its position in shares of BOX by 1.2% in the 3rd quarter. State Street Corp now owns 5,623,032 shares of the software maker’s stock worth $184,042,000 after purchasing an additional 69,107 shares during the last quarter. Geode Capital Management LLC grew its position in shares of BOX by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,249,823 shares of the software maker’s stock valued at $106,387,000 after buying an additional 13,028 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of BOX by 1.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,425,176 shares of the software maker’s stock valued at $79,376,000 after buying an additional 44,190 shares during the last quarter. Congress Asset Management Co. grew its position in shares of BOX by 17.5% during the 4th quarter. Congress Asset Management Co. now owns 1,659,646 shares of the software maker’s stock valued at $52,445,000 after buying an additional 246,993 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of BOX by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,399,629 shares of the software maker’s stock valued at $44,228,000 after buying an additional 27,814 shares during the last quarter. Institutional investors own 86.74% of the company’s stock.

Insider Transactions at BOX

In other news, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $32.08, for a total value of $320,800.00. Following the completion of the sale, the chief executive officer now directly owns 2,979,780 shares of the company’s stock, valued at approximately $95,591,342.40. This represents a 0.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $31.05, for a total transaction of $403,650.00. Following the completion of the sale, the chief financial officer now directly owns 1,466,684 shares of the company’s stock, valued at approximately $45,540,538.20. This represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 78,363 shares of company stock valued at $2,533,374. Company insiders own 4.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed an “underperform” rating and set a $21.00 price objective on shares of BOX in a research report on Wednesday. Raymond James reaffirmed an “outperform” rating and set a $38.00 price objective (down previously from $40.00) on shares of BOX in a research report on Wednesday, March 5th. Citigroup boosted their price objective on shares of BOX from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Morgan Stanley boosted their price objective on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 4th. Finally, StockNews.com lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, BOX presently has an average rating of “Moderate Buy” and a consensus target price of $37.11.

BOX Trading Up 0.4 %

Shares of NYSE:BOX opened at $30.35 on Friday. The company has a 50 day moving average of $32.73 and a 200-day moving average of $32.70. The firm has a market cap of $4.36 billion, a P/E ratio of 37.93, a P/E/G ratio of 4.42 and a beta of 1.00. Box, Inc. has a twelve month low of $24.63 and a twelve month high of $35.74.

BOX announced that its board has approved a stock repurchase plan on Tuesday, March 4th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the software maker to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

About BOX

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.